Mort Law Test 5

Card Set Information

Author:
Divarza
ID:
115767
Filename:
Mort Law Test 5
Updated:
2011-11-09 17:43:38
Tags:
Mort Law
Folders:

Description:
chapter 37
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Divarza on FreezingBlue Flashcards. What would you like to do?


  1. a contract that transfers risk of financial loss for a fee
    insurance
  2. the company issuing an insurance policy
    insurer
  3. the person protected against loss
    insured
  4. the person who received the proceeds of life insurance policy
    beneficiary
  5. a written contract of insurance
    policy
  6. consideration paid by the insured
    permium
  7. danger of loss
    risk or peril
  8. factors contributing to risk
    hazards
  9. can crazy people be insured?
    no
  10. can a minor assert an insurance contract?
    no
  11. is the willful failure to disclose pertinent information
    concealment
  12. this is how something is presented
    representation
  13. this is a statement or promise of the insured that relates to the risk and appears in the contract
    warranty
  14. is the right of the insurer under certain circumstances to assume the legal rights of the insured
    subrogation
  15. is when one party leads the second to a false conclusion that the second parties relies upon
    estoppel
  16. covers damage when a car strikes an object or object strikes a car
    collision
  17. covers windstorm, earthquake, flood, strikes, malicious mishcief, subersion in water, riot, hail, falling aircraft
  18. negligent driver recovers if other driver had one last clear chance to void injury
    last clear chance
  19. reduces but does not bar recovery
    comparative negligence

What would you like to do?

Home > Flashcards > Print Preview